US Cuts July-Sept. Borrowing Estimate To $740B From $847B
Portfolio Pulse from Benzinga Newsdesk
The US government has reduced its borrowing estimate for the July-September quarter to $740 billion from the previously projected $847 billion.
July 29, 2024 | 7:05 pm
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The US government has reduced its borrowing estimate for Q3 to $740 billion from $847 billion, which could signal a more stable economic outlook and potentially benefit broad market indices like SPY.
A reduction in the borrowing estimate suggests a more stable fiscal outlook, which can be seen as a positive signal for the overall economy. This could lead to increased investor confidence and potentially benefit broad market indices like SPY.
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